Health insurance premiums are matter of a good amount of money but bearing premiums are not a matter of joke, by applying some tricks insured can save on these premiums.
Here are some smart tips that will help to lower the health insurance premium overage:
Buying medical insurance plan at the young age: When people get older, the renewal premium also increase and this scenario cannot be avoided as signing up for a new medi-claim at older age increases the chances of shortening the benefits but increasing the premium cost. That’s why it is a better option to get a health insurance in the younger age.
Take right sum assured: Buying a right health insurance plan is not enough, right insured amount with related health insurance plan is also important; so before getting a health insurance plan it is mandatory to check the sum insured.
Buying health insurance policy online: It is a fact that online insurance is a way cheaper than its offline plans as there is the reduction in cost of paperwork and commissions to agents.
Choose longer occupation: Though health insurance policies need to renew every year but there are also some plans having term of 2 years to 3 years; choosing these plans will help to save money.
Family floater plans: Insured can have a discount on premium rates up to 20% while including children or dependant in the health insurance, here the premiums get reduced as the cost of premiums is divided among the family members.
Staying healthy: Insurance companies give reward to the healthy people with discounted rates and staying healthy insured can reduce claim bonus.
Top up and super top up plans: Top up and Super top up plans are totally designed to increase the coverage health insurance plan by keeping the premium lower as this kind plan will add after the sum insured have been spent and cover the expenses that exceed the coverage.